Harbour Energy, one of the biggest independent oil and gas producers in the UK North Sea, said on Friday it would buy all the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd substantially, in the latest merger announcement in Britain’s oil and gas province.  Harbour Energy will pay $170 million for the acquisition of the companies that are currently in administration in a deal that is immediately materially accretive to Harbour’s free cash flow and will support the competitiveness, resilience, and longevity…

The United States plans to seize more tankers carrying Venezuelan crude, Reuters reported today, citing unnamed sources who said there was already a list of vessels targeted for seizure. Earlier in the week, the move by U.S. federal government forces to seize the Panama-flagged tanker Skipper off the Venezuelan coast prompted a jump in oil prices as it signaled possible disruption of oil flows out of Venezuela. The news of plans for more seizures may extend the rally even though prices dipped on Thursday in a counterintuitive reaction to the original…